EU-bound Diesel Cargo Heads Around Cape

Another Far East/Indian diesel or gasoil cargo is identified being shipped to Europe via the longer route, around the Cape of Good Hope, instead of through the Suez Canal, the conventional way these exports usually take.

The Long Range 2 tanker, Minerva Pisces, is said to have 80,000 tons of ultra-low-sulfur diesel aboard that was loaded at the West Indian coastal port of Sikka, around March 5.

The vessel is now sailing south along Africa's eastern coastline and signaling it will arrive in Rotterdam in three weeks, further pointing to the Cape transit.

Nearly half a million tons of jet fuel or diesel on 11 Europe-bound tankers is now tracked taking the longer voyage around the Cape so far in 2016, according to the OPIS Tanker Tracker.

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Michelle Wiese Bockmann

Michelle has covered energy shipping for the past 18 years working across Asia, Europe and the Americas holding senior roles for Bloomberg News and international trade publications Lloyd's List and Fairplay, in addition to working as a political reporter for Australia's national newspaper. She now reports and assesses prices for the European distillates market from London, and edits the OPIS Tanker Tracker on FleetMon.com, a real-time global monitor of energy fuels into the region.

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